British Airways Agrees to Sell 10.5 Percent Stake in Air Mauritius

Thursday, 26 June 2008: British Airways has agreed to sell a 10.5 percent share in Air Mauritius which it has held since 1973.

Thursday, 26 June 2008: British Airways has agreed to sell a 10.5 percent share in Air Mauritius which it has held since 1973.

The 10.5 percent stake will be sold to the Mauritian government for 3.2 million pounds (US$4.05 million).

"We invested in the airline when it was a start up airline. It is now a successful carrier, operating to the highest standards and no longer requires our involvement and support," said Robbie Baird, British Airways´ area general manager for Asia Pacific.

"I´m pleased to say that this sale has been done with the full cooperation of Air Mauritius and the Mauritian government," Mr Baird said.